Definition of pfennig in English:

noun

His grandfather, currently a garrison commander whisked away in the Carnic Alps, was the mayor of some Emilian town where the Austrian pfennig and the French franc are as yet applicable synonyms for lira.

Within two years of such a vote, pounds and pence could be going the same way as guilders and pfennigs.

The announcement sent sterling tumbling in New York trading last night, hitting DM2. 69-nine pfennigs below its former permitted ERM floor against the German mark.